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Top 5 Oil Stocks To Own For 2023

Baker Hughes Company (BKR Quick QuoteBKR ) has entered into an agreement with state-owned South Gas Company for developing a new project in Iraq, according to the oil ministry.

The agreement is meant for capturing 200 million cubic feet per day of flared gas that will be utilized for generating power. Baker Hughes will be constructing modular gas processing plants that will be involved in processing associated gas from Nasiriyah and Gharaf oil fields, located in the southern Dhi Qar province.

Per World Bank, with the burning of 17.37 billion cubic meters of gas in 2020, Iraq....More>>>

Top Oil Stocks To Own For 2023

Labor Day in the U.S. is here, and that means an extended weekend for traders and investors alike as stocks regularly set fresh record highs.

Heading into the weekend, U.S. equities continued their upward march, boosted by technology stocks after private payrolls data on Wednesday suggested the Federal Reserve might not have to taper its bond purchases as soon as expected. The Fed has kept interest rates low and asset prices high by buying bonds.

The S&P 500 and Dow Jones Industrial Average traded lower Friday after the government’s....More>>>

Top 10 Oil Stocks For 2023

Shares of Magnolia Oil & Gas Corporation (MGY Quick QuoteMGY ) stock has shown no substantial movement since second-quarter 2021 earnings announcement on Aug 2. In fact, the firm’s shares failed to display an uptrend despite impressive bottom-line and top-line performances as well as an upbeat third-quarter production guidance, which indicates growth from the sequential quarter’s reported figure.

Delving Deeper

The company reported second-quarter adjusted net income per share of 56 cents, beating the Zacks Consensus Estimate of 37 cents. The bottom line reversed....More>>>

Top 10 Oil Stocks To Own For 2023

Obafemi Oredein

Special to Dow Jones Newswires

IBADAN, Nigeria–Nigerian President Muhammadu Buhari on Wednesday directed the immediate implementation of the frame work of the country’s new Petroleum Industry Act, setting up a steering committee to carry out the assignment.

Mr. Buhari said the minister of state for petroleum resources, Timipre Sylva, will head the committee, urging all ministries, departments and agencies to “adjust to the transition, designed to reposition the economy.”

Other members of the committee include Mele Kyari, group....More>>>

Top 5 Oil Stocks For 2023

Equinor ASA (EQNR Quick QuoteEQNR ) announced the interruption of its crude oil loading activities at its Sture export terminal, located at the west coast of Norway. As reported by Reuters, oil loading was interrupted after activists from the Extinction Rebellion group broke into the safety zone of the facility.

The protest’s clear message is that all operations related to exploration and transportation of crude oil must be halted. Crude is being transported through pipeline networks from numerous offshore fields to the Sture export facility.

According to the source,....More>>>